Why do you need a 401(K) advisor?
Since Congress and the IRS authorized the defined contribution plan in 1978, it has predictably become increasingly more complex and regulated. Prior to the adoption of this retirement program, companies were responsible for providing the promised retirement income for employees.
Today, that responsibility has been shifted to the individual for practically all citizens who are not employed by a government agency.
If you walk down the hall or through your plant, you will see employees who are responsible for the investment decisions which provide for their retirement income.
This is the largest asset many people will ever own. Very few of your employees want to be responsible for those decisions, but the only assistance they have is a computer program provided by the plan.
Every public pension program in the United States has unfunded liabilities to the employees. They have not been able to earn enough to pay the employees; yet, your employees are responsible for their own future. This fact is why you need to provide a financial fiduciary to advise your employees.
A financial advisor who agrees, in writing, to become a co-fiduciary, can provide that individual investment service to your employees. This is where GLSA comes into play. Let us help you give your employees the best as they plan for their future.
Contact GLSA to schedule a free consultation. Simply call (256) 539-4805 or fill out our online contact form.